Dabur India To Sell With A Target Price Of Rs 334, Implying 16.66 Percent

Goldman downgraded Dabur India to sell with a target price of Rs 334, implying 16.66 percent potential downside from current levels as key segments seeing competition is main reason to sell.

"Juices, Hair Care & Oral Care are seeing heightened competition. We see resurging of price-led competition in the low-unit hair oil packs," the brokerage said, adding oral care is seeing a resurgence of competition from Colgate.

Goldman sees challenges to consumption growth due to slowdown in agri and rural wages. Dabur has amongst the highest exposure to rural India for its domestic business.

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